{"id":64394,"date":"2025-09-19T12:00:08","date_gmt":"2025-09-19T12:00:08","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/09\/19\/posthaste-canadians-desire-to-own-a-business-hits-eight-year-high-despite-economic-challenges\/"},"modified":"2025-09-19T12:00:08","modified_gmt":"2025-09-19T12:00:08","slug":"posthaste-canadians-desire-to-own-a-business-hits-eight-year-high-despite-economic-challenges","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/09\/19\/posthaste-canadians-desire-to-own-a-business-hits-eight-year-high-despite-economic-challenges\/","title":{"rendered":"Posthaste: Canadians&#039; desire to own a business hits eight-year high despite economic challenges"},"content":{"rendered":"<p> \n<br \/><br \/>\n<iframe loading=\"lazy\" title=\"Pressure builds on Canadian entrepreneurs\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/66v6CVzwfR8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\n<\/iframe><br \/>\n<img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2023\/01\/fp-posthaste-LOGO-01132023.jpg\" title=\"\" \/><\/p>\n<p> The number of Canadians who want to own a business has hit an eight-year high despite ongoing economic challenges, according to a recent study by <\/p>\n<p>                        Royal Bank of Canada<\/p>\n<p>                        . <\/p>\n<p> The RBC Small Business Poll interviewed 2001 Canadians and said 59 per cent of them want to start and grow their own business, an increase of 13 percentage points in the past two years and a level not seen since 2017. <\/p>\n<p> Ontario led the way with 68 per cent of aspiring entrepreneurs, followed by Atlantic Canada at 62 per cent, Alberta and Saskatchewan\/Manitoba at 60 per cent and Quebec at 45 per cent. <\/p>\n<p> Overall, 81 per cent of Canadians said they believe owning a small business is a viable way to earn a living. <\/p>\n<p> \u201cSmall-business owners have faced many hurdles in recent years \u2014 from the <\/p>\n<p>                        pandemic<\/p>\n<p>                         to <\/p>\n<p>                        supply chain disruptions<\/p>\n<p>                         and now <\/p>\n<p>                        shifting tariffs<\/p>\n<p>                        ,\u201d Karen Svendsen, RBC\u2019s senior director of small business and partnerships, <\/p>\n<p>                        said in a release<\/p>\n<p>                        . \u201cWhat we\u2019ve consistently seen is their resilience. They continue to pivot, adapt and find new ways to serve Canadians in meaningful ways. It\u2019s no surprise Canadians recognize small businesses as essential to both our economy and our communities.\u201d <\/p>\n<p> Canada\u2019s current small-business owners are adapting to stay competitive in the ever-evolving market, with 61 per cent saying they adjusted their business strategy in the past year and 51 per cent saying they made \u201csignificant\u201d changes to their business model. <\/p>\n<p> The current environment has 46 per cent of owners saying it demands greater proactivity and 43 per cent saying that taking risks is essential to long-term success. <\/p>\n<p> \u201cFor small-business owners, resilience is not just about weathering the storm; it\u2019s about using challenges as a springboard for reinvention and long-term growth,\u201d Svendsen said. <\/p>\n<p> Inflation<\/p>\n<p>                         and tariff concerns were cited as the top worry by 56 per cent of those polled, but optimism remains high. Three-quarters said they were adapting well to market volatility and 76 per cent described themselves as \u201cresilient\u201d in the face of change. <\/p>\n<p> Most small-business owners said they remain positive about the year ahead, with many planning to invest in <\/p>\n<p>                        <span>digital upgrades, brand-building, new market expansion and innovation, while also monitoring profit and growth.<\/span> <\/p>\n<hr \/>\n<p> <em><strong>\u00a0Sign up here to get Posthaste delivered straight to your inbox.<\/strong><\/em> <\/p>\n<hr \/>\n<p> <strong><br \/> <img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"aligncenter size-full wp-image-1758646\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2019\/02\/subhead_leading.png\" width=\"838\" \/><\/strong> <\/p>\n<p><img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/09\/qw_Top_Dollar__Dollarama_has_out.jpg\" title=\"\" \/><\/p>\n<p> Canadian discount retailer Dollarama Inc.\u2019s shares have surged 35 per cent this year. Its gains outstrip the likes of Loblaw Cos Ltd., Metro Inc. and Empire Co Ltd. <\/p>\n<p>                        Find out more<\/p>\n<p>                        . <\/p>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"story-v2-content-element-inline\">\n<hr \/><\/div>\n<\/section>\n<section class=\"story-v2-content-element article-content__content-group article-content__content-group--story\">\n<div class=\"visually-hidden\"><\/div>\n<\/section><\/div>\n<\/section><\/div>\n<\/section><\/div>\n<\/section>\n<p> <img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"aligncenter size-full wp-image-1758643\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2019\/02\/subhead_breaking.png\" width=\"838\" \/> <\/p>\n<ul>\n<li><strong>Today\u2019s Data:<\/strong> Canada retail sales for July<\/li>\n<\/ul>\n<p> <strong><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"aligncenter size-full wp-image-3080180\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/subhead_marketsam.jpeg\" width=\"838\" \/><\/strong> <\/p>\n<p><img decoding=\"async\" alt=\"\" data-has-syndication-rights=\"1\" data-license-id=\"\" data-portal-copyright=\"\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-19-071744.png\" title=\"\" \/><\/p>\n<figure class=\"embedded-image\"><\/figure>\n<hr \/>\n<p> <strong><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"aligncenter size-full wp-image-3080181\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/07\/subhead_reads.jpeg\" width=\"838\" \/><\/strong> <\/p>\n<ul>\n<li>David Rosenberg: The Bank of Canada and Fed finally cut rates, but both clearly have more to do<\/li>\n<li>The government can\u2019t do math, but the average Canadian is to blame for not calling it to account<\/li>\n<li>BMO chief financial officer to retire as Canadian banks continue making executive changes<\/li>\n<li>Canadian public servants using AI for work may be putting government data at risk<\/li>\n<\/ul>\n<hr \/>\n<p> <img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"aligncenter size-full wp-image-2059284\" height=\"114\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2020\/04\/subhead_personal_finance_2.png\" width=\"838\" \/> <\/p>\n<p> Moving can be very expensive, but, fortunately, the net out-of-pocket costs can be significantly reduced if you\u2019re eligible to claim a tax deduction for your moving expenses on your personal\u00a0tax return. To be eligible, you must meet strict requirements under the Income Tax Act, lest the\u00a0Canada Revenue Agency challenge your deduction, which is what happened in a recent Tax Court case decided last month. <\/p>\n<p>                        Read on to find out more<\/p>\n<p>                        . <\/p>\n<hr \/>\n<p> Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at <\/p>\n<p>                        wealth@postmedia.com<\/p>\n<p>                         with your contact info and the gist of your problem and we\u2019ll find some experts to help you out while writing a Family Finance story about it (we\u2019ll keep your name out of it, of course). <\/p>\n<hr \/>\n<h2>McLister on mortgages<\/h2>\n<p> Want to learn more about mortgages? Mortgage strategist Robert McLister\u2019s <\/p>\n<p>                        Financial Post column <\/p>\n<p>                        can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus, check out his <\/p>\n<p>                        mortgage rate page<\/p>\n<p>                         for Canada\u2019s lowest national mortgage rates, updated daily. <\/p>\n<hr \/>\n<h2>Financial Post on YouTube<\/h2>\n<p> Visit the Financial Post\u2019s <\/p>\n<p>                        YouTube channel<\/p>\n<p>                         for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more. <\/p>\n<hr \/>\n<p> <em>Today\u2019s Posthaste was written by Noella Ovid\u00a0with additional reporting from Financial Post staff, Canadian Press and Bloomberg.<\/em> <\/p>\n<p> Have a story idea, pitch, embargoed report or a suggestion for this newsletter? Email us at <\/p>\n<p>                        posthaste@postmedia.com<\/p>\n<p>                        . <\/p>\n<hr \/>\n<ul class=\"related_links\">\n<li>Posthaste: A late paycheque is all it would take for many Canadians to fall behind on their bills<\/li>\n<li>Posthaste: Newcomers cite financial stress as their biggest challenge since moving to Canada<\/li>\n<\/ul>\n<p> <em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add\u00a0financialpost.com\u00a0to your bookmarks and sign up for our newsletters here<\/em> <\/p>\n\n<br \/>Posthaste: Canadians&#039; desire to own a business hits eight-year high despite economic challenges<\/a><br \/>\n<br \/>2025-09-19 12:00:08<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of Canadians who want to own a business has hit an eight-year high despite ongoing economic challenges, according to a recent study by Royal Bank of Canada &#8230;.<\/p>\n","protected":false},"author":2,"featured_media":64396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-64394","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/64394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=64394"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/64394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/64396"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=64394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=64394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=64394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}